Colombia's Constitutional Court has issued a decision finding that the temporary reduction in the mandatory pension contributions in response to COVID-19 is unconstitutional. The reduction from 16% to 3% was provided as part of a package of relief measures in April 2020 and applied for contributions due in May and June 2020 in respect of April and May.
The Court found the reduction to be unconstitutional because the provisions of the decree providing the reduction imply an unconstitutional d…